Iraq's WMDs went to Syria. - Page 4

Originally posted by trumptmanI believe I already debunked this in another thread.

Running a trade deficit drags down the growth of the economy. The reason they do not trade in petroeuro's is because Europe cannot engage in trade deficits because they have no excessive growth. Europe barely has any growth at all and often is stagnant.

No, you didn't debunk it; what you did was entirely miss the point.

You are a business that is trading at a huge loss and spending money you do not have (c/f Argentina). Your currency is massively overvalued, and the dollar is only a reserve currency (when it's actually structurally unsound) because people need dollars to operate their economies ...

... not the other way around.

The state of an economy has absolutely no bearing on its currency's suitability to trade in oil. What you wrote makes absolutely no sense whatsoever. It's syllogistic; nonsense.

If you needed to have Cuban pesos to buy oil, what do you think would happen to the Cuban peso?

Actually, it's hilarious. Oil can't be traded in euros because Europe can't engage in trade deficits. If oil were traded in euros Europe could have deficits as big as it wanted.

I said America feeds American citizens. American businesses, American workers, the American infrastructure of roads, rail, cars, banks; all this makes up America.

America feeds American citizens.

And if you can't buy oil, or all your transport companies go bust, or all the shops go out of business, if there was a major economic collapse based on a fundamental revaluation of the dollar, America would not be able to feed its citizens.

deficit was $307,000,000,000 or 2.7% of GNP or approx. 3 pennies on the dollar.

This month the GDP is expected to be $10,672,000,000,000

the deficit is approx. $477,000,000,000 or 4.4% or about 4 pennies on the dollar.

And the national growth rate of the GDP is 3.3%

This is a budgeting issue and not a national emergency.

Good grief. Urge your congressmen and senators to stop or at least slow down some of the giveaway social programs. Bam. End of deficit. Urge your representatives to make the government more efficient. Bam. End of deficit.

Originally posted by HaraldNo, you didn't debunk it; what you did was entirely miss the point.

You are a business that is trading at a huge loss and spending money you do not have (c/f Argentina). Your currency is massively overvalued, and the dollar is only a reserve currency (when it's actually structurally unsound) because people need dollars to operate their economies ...

... not the other way around.

The state of an economy has absolutely no bearing on its currency's suitability to trade in oil. What you wrote makes absolutely no sense whatsoever. It's syllogistic; nonsense.

If you needed to have Cuban pesos to buy oil, what do you think would happen to the Cuban peso?

Actually, it's hilarious. Oil can't be traded in euros because Europe can't engage in trade deficits. If oil were traded in euros Europe could have deficits as big as it wanted.

You teach people. My God.

Your analogy shows your complete and total lack of understanding on this matter. It is so profound that it is a little scary. Worse still you insult others because of your lack of understanding.

You business apparently generates absolutely no profit and instead just racks up debt while doing no business.

A trade deficit simply means we do more business with them, than they do with us. There is nothing wrong with that if you do more business than you need.(growth) A large business can easily turn a profit while having a certain division turn a loss.

No one would claim for an instant that the business is going belly up because of the loss of one division while turning a net profit.

People like yourself believe money and wealth to be a finite thing which is why people like you are so often obsessed with redistributing it. Money is not backed by anything worldwide it is simply an agreed upon means of work unit of value unit. There are some aspects of money that are determined by a sort of network effect, but as we discussed before, to kill that effect, you have to kill the network which means destroying the value of everyone attached to that network. As a result, you often have to have a seperate network of exactly equal value and some profoundly good reason to cause everyone a big disruption.

We had this discussion and we noted that Saudi Arabia could ding the U.S. if they wanted to turn all their own financial reserves into worthless paper and turn their country into the Philippines.

You mock trade deficits, but the reality is that the deficits, which generate excess dollars, are then reinvested back into Western (mostly U.S.) investements. They have traded oil for paper. To get the value from that paper, they have to trade it to others, or they have to reinvestment it back where it came from.

It is proof IMO that the terrorists think that it will help get their enemy (Bush) out of office.

That was really the point.

And to reply to your last post:

It looks bad for Russia, the UN and Kerry among others. If true, it makes so many of the "ABB" crowd look very petty and small.

Logic Police - Stop That Train..........

If the 'terrorists' are enemies of Bush to the exclusion of being enemies of America then it makes sense to kick his ass to the kerb. Hint: if that's the case you'll have a safe country and live in peace.

If, oth, the 'terrorist's' enemy is America regardless (you really should seek help for this Bush fixation btw - it's not healthy) of President then your post is a crock of BS.

I wonder which it could be ?

What is Faith? When your good deed pleases you and your evil deed grieves you, you are a believer. What is Sin? When a thing disturbs the peace of your heart, give it up - Prophet Muhammad

If the 'terrorists' are enemies of Bush to the exclusion of being enemies of America then it makes sense to kick his ass to the kerb. Hint: if that's the case you'll have a safe country and live in peace.

If, oth, the 'terrorist's' enemy is America regardless (you really should seek help for this Bush fixation btw - it's not healthy) of President then your post is a crock of BS.

I wonder which it could be ?

They feel that if Kerry is elected he will pull out of Iraq.

Come on guys, let's quit playing dumb when it is convenient. You are either smart or dumb, you can't have it both ways. You seem to be able to use abstract logic and superior reasoning skills at whim most of the time.

Originally posted by NaplesXThey feel that if Kerry is elected he will pull out of Iraq.

Come on guys, let's quit playing dumb when it is convenient. You are either smart or dumb, you can't have it both ways. You seem to be able to use abstract logic and superior reasoning skills at whim most of the time.

Maybe that should tell you something about the point you're trying to make.

Gangs are not seen as legitimate, because they don't have control over public schools.